SFDCP TARGET DATE FUND PORTFOLIO SUMMARY: January 29, 2016
|
|
- Annabel Woods
- 8 years ago
- Views:
Transcription
1 SFDCP TARGET DATE FUND PORTFOLIO SUMMARY: January 29, 2016 SFDCP Target Date Funds Overview SFDCP Target Date Funds (each, a Fund and collectively the Funds or the SFDCP Target Date Funds ) were developed specifically for SFDCP participants glide path. Target date funds generally include a year in their names, such as 2020, 2025, 2030, etc., referred to as the target date. The target date is based on the approximate date when a participant may expect to retire and stop making new payroll contributions to the SFDCP. There is a SFDCP Target Date Fund for each 5-year interval between 2020 and Participants may choose the SFDCP Target Date Fund that best matches their estimated ( target ) retirement date. For example, a participant near retirement may decide that the 2020 Target Date Fund is appropriate, while a participant just beginning his or her career may decide that the 2055 Target Date Fund is appropriate. There is also the SFDCP Retirement Fund for participants in retirement and no longer making new payroll contributions to the SFDCP. The SFDCP Retirement Fund allocation currently has a 39% allocation to underlying capital appreciation funds (primarily equities) and a 61% allocation to underlying capital preservation funds (fixed income). Each of the Target Date Funds seeks to provide strategy diversification by investment in multiple underlying funds ( Underlying Funds ), which include funds offered directly as investment options under the SFDCP as well as other funds offering asset class exposures to provide additional diversification. The Underlying Funds, which are unaffiliated with Russell Investment Management Company ( Russell ) and selected by the SFDCP Retirement Board, are managed by multiple investment managers. To see information on the investment managers for the Underlying Funds for each SFDCP Target Date Funds, you should consult the prospectus for the Underlying Fund on the SFDCP s website, The allocation of the investment of the assets of each Target Date Fund among the Underlying Funds is based on an asset allocation recommended by the investment adviser to the Funds, Russell Investment Management Company ( Russell ) and approved by the SFDCP Retirement Board. The asset allocation of each Fund (other than the SFDCP Retirement Fund) is expected to change over time, with an increasing allocation to capital preservation funds and following a path determined from time to time by Russell and the SFDCP Retirement Board. The asset allocation path for an SFDCP Target Date Fund is often referred to as the Fund s glide path. Each Fund (other than the SFDCP Retirement Fund) reaches its most conservative asset allocation at the target retirement date year. To see the allocation among the Underlying Funds for each SFDCP Target Date Funds you should consult the Fund Fact Sheet for the Fund on the SFDCP s website, Investments in the SFDCP Target Date Funds are not guaranteed by the SFDCP, the City and County of San Francisco, Russell or any of its affiliates, or by any of the Underlying Fund managers. Investments in the SFDCP Target Date Funds are not insured by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency and are subject to investment risks and loss of principal. You could lose money by investing in the SFDCP Target Date Funds. 1
2 INVESTMENT OBJECTIVE Each Fund seeks to provide capital growth and income consistent with its target date. The asset allocation of each Fund (other than the asset allocation in the SFDCP Retirement Fund) is currently expected to change based on a glide path recommended by Russell and implemented by SFDCP from time to time for participants with an estimated retirement date close to the Fund s target date. The SFDCP Retirement Fund allocation currently has a 39% allocation to underlying capital appreciation funds and a 61% allocation to underlying capital preservation funds. Each Target Date Fund seeks to provide strategic diversification by investing in multiple Underlying Funds, which include funds offered as investment options under the SFDCP as well as other funds offering additional assets classes to provide diversification. Participants may choose the Fund that best matches their estimated retirement date or risk tolerance, or based on other factors they determine. ANNUAL INVESTMENT FEES AND EXPENSES The estimated annual operating expenses for the SFDCP Target Date Funds that you pay as a percentage of the value of your investment are as follows: Fund Annual Fee SFDCP Retirement Fund 0.39% SFDCP Target Date 2020 Fund 0.39% SFDCP Target Date 2025 Fund 0.39% SFDCP Target Date 2030 Fund 0.39% SFDCP Target Date 2035 Fund 0.39% SFDCP Target Date Funds 0.39% The Annual Fees shown in this chart include the investment management fee charged by Russell and the operating expenses for the Underlying Funds. The annual operating expenses for each Fund are available on the investment overview page of the SFDCP website ( and are available in the prospectus for each Underlying Fund. To access those prospectuses, please use the links provided in the Principal Investment Strategy and Risks section of this document. Example This example is intended to help you understand the investment management cost of investing in these Funds. These costs are paid out of each Fund s assets and affect the Fund s returns. The example assumes that you invest $10,000 in a Fund initially, and then redeem all of your units in the Fund at the end of the time periods specified. The example also assumes your investment has a 5% return each year and that investment management expenses remain the same throughout the period. Although actual investment management costs (and Fund returns) may be higher or lower, under these assumptions your investment management costs would be: 2
3 Your Estimated Investment Management Costs After 1 year After 3 years After 5 years After 10 years SFDCP Retirement Fund $ 40 $ 124 $ 217 $ 488 SFDCP Target Date 2020 Fund $ 40 $ 125 $ 218 $ 490 SFDCP Target Date 2025 Fund $ 40 $ 125 $ 219 $ 493 SFDCP Target Date 2030 Fund $ 40 $ 126 $ 221 $ 497 SFDCP Target Date 2035 Fund $ 40 $ 126 $ 221 $ 497 SFDCP Target Date Funds $ 40 $ 125 $ 219 $ 493 Fees and expenses are only one of several factors that participants and beneficiaries should consider when making investment decisions. The cumulative effect of fees and expenses can substantially reduce the growth of a participant s or beneficiary s retirement account. Portfolio Turnover The SFDCP Target Date Funds pay no transaction costs or commissions when they buy and sell shares of the Underlying Funds. Underlying Funds, however, pay transaction costs, such as commissions, when they buy and sell securities (or turnover their portfolio). A higher rate of transactions in an Underlying Fund may mean higher Underlying Fund transaction costs. These transaction costs affect the Underlying Funds performance which, in turn, affects the performance of the SFDCP Fund. Portfolio turnover rates for the Underlying Funds are available in Underlying Funds prospectuses ( PRINCIPAL INVESTMENT STRATEGY AND RISKS Investment Strategy of the SFDCP Target Date Funds Each of the Funds seeks to provide strategy diversification by investment in multiple Underlying Funds, which include funds offered directly as investment options under the SFDCP as well as other funds offering additional asset classes to provide diversification. Glide path of the SFDCP Target Date Funds The allocation of the investment of the assets of each Fund among the Underlying Funds is based on a glide path recommended by Russell and approved by the Retirement Board from time to time. The following chart shows how the asset allocation of the 2045 SFDCP Target Date Fund is currently expected to change over the next 30 years before reaching its target date. All of the Funds asset allocations (other than the SFDCP Retirement Fund s asset allocation) are expected to gradually shift over time from investing a higher percentage in underlying capital appreciation funds to investing a higher percentage in underlying capital preservation funds as the Fund draws closer to the target date year in the Fund name. Each Fund (other than the SFDCP Retirement Fund) thus reaches its most conservative asset allocation at the target date year. The SFDCP Retirement Fund allocation currently has a 39% 3
4 Exposure % allocation to underlying capital appreciation funds and a 61% allocation to underlying capital preservation funds. 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Years to Retirement DFA Inflation-Protected Securities Wells Fargo Advantage Short Duration Government Bond Fund Treasury Inflation-Protected Securities (Capital Preservation) Short Duration Fixed Income (Capital Preservation) Core Fixed Income (Capital Preservation) Global High Yield/EMD (Growth) Global Listed Infrastructure (Growth) Commodities (Growth) Global REITs (Growth) Global Equity (Growth) International Equity (Growth) US Small Cap (Growth) US Mid Cap (Growth) US Large Cap (Growth) 2016 SFDCP Target Date Allocations Retirement SFDCP Large Cap Core Equity-S&P 26.50% 24.27% 18.43% 14.58% 11.88% 10.56% 500 Index SFDCP Mid Cap Core Equity 4.00% 3.78% 2.89% 2.06% 1.45% 1.22% SFDCP Small Cap Core Equity 9.00% 8.00% 5.06% 3.30% 2.32% 1.92% SFDCP International Equity 21.50% 20.16% 15.73% 12.26% 9.80% 8.67% SFDCP TDF Global Equity 14.50% 13.83% 10.54% 7.43% 5.22% 4.35% SFDCP TDF Emerging Markets 7.50% 6.83% 4.31% 2.71% 1.95% 1.63% Equity SFDCP TDF Global Real Estate 2.50% 2.39% 2.10% 1.83% 1.58% 1.45% SFDCP TDF Commodity 3.50% 3.39% 2.94% 2.58% 2.33% 2.19% SFDCP TDF Global Infrastructure 3.00% 2.89% 2.47% 2.20% 2.05% 1.94% SFDCP TDF High Yield Bonds 1.00% 1.31% 2.19% 2.74% 3.08% 3.23% SFDCP TDF EM Debt 0.00% 0.35% 1.05% 1.34% 1.53% 1.62% SFDCP Core Bond 7.00% 12.80% 32.29% 42.09% 45.04% 45.79% SFDCP TDF Short Duration Bonds 0.00% 0.00% 0.00% 3.14% 7.57% 9.67% SFDCP TDF TIPS 0.00% 0.00% 0.00% 1.74% 4.20% 5.76% In addition, the Funds are periodically rebalanced to seek to maintain the glide path s strategic asset allocation targets. After each Fund (other than the SFDCP Retirement Fund) reaches its target date year, the Fund s assets are moved into the SFDCP Retirement Fund, which is 4
5 designed for participants who have retired and have stopped making new payroll contributions to the SFDCP. The SFDCP Retirement Fund allocation currently has a 39% allocation to underlying capital appreciation funds and a 61% allocation to underlying capital preservation funds. Information about the asset allocations of the Underlying Funds can be found in the prospectuses for the Underlying Funds. Listed below are the Underlying Funds that make up each SFDCP TDF Investment Option along with links to the Underlying Fund prospectuses. SFDCP TDF Investment Options SFDCP Large Cap Core Equity-S&P 500 Index SFDCP Mid Cap Core Equity SFDCP Small Cap Core Equity SFDCP TDF Emerging Markets Equity SFDCP International Equity Underlying Funds Ticker Symbol Fund Summary Prospectus Links Vanguard Institutional Index Fund VIIIX Vanguard Institutional Index Fidelity Low-Priced Stock Fund FLPKX Fidelity Low Priced Stock Fund Prospectus Vanguard Small Cap Growth Index Fund VSGIX Vanguard Small Cap Growth Index Fund Vanguard Small Cap Value Index Fund VSIIX Vanguard Small Cap Value Index Fund DFA Emerging Markets Core Equity Fund DFCEX DFA Emerging Markets Equity American Funds Euro Pacific Growth Fund RERGX American Funds Euro Pacific Growth Fund R6 Prospectus SFDCP TDF Global DFA World Core Equity Fund DREIX DFA World Core Equity Fund Equity SFDCP TDF Global Real Estate Morgan Stanley Global Real Estate Fund MRLAX Morgan Stanley Global Real Estate SFDCP TDF Commodity PIMCO Commodity Real Return Fund PCRIX PIMCO Commodity Real Return SFDCP TDF Global Infrastructure Nuveen Global Infrastructure Fund FGIYX Nuveen Global Infrastructure SFDCP TDF High Yield Bonds PIMCO High Yield PHIYX PIMCO High Yield Fund Prospectus SFDCP TDF EM Debt MFS Emerging Markets Debt Fund MEDGX MFS Emerging Markets Debt SFDCP Core Bond Baird Core Plus Bond Fund BCOIX Baird Core Plus Bond Fund SFDCP TDF Short Duration Bonds WF Advantage Short Duration Fund WSGIX WF Advantage Short Duration SFDCP TDF TIPS DFA Inflation Protected Securities DIPSX DFA Inflation-Protection Securities Prospectus Each Fund s asset allocation and glide path may be revised from time to time by Russell. The asset allocation and glide path illustrated above may not be the same as the asset allocation and glide path at a later date. 5
6 All participants and beneficiaries have the right to make investment option changes at any time. For information on how to direct or change your investments under SFDCP, please consult Risk Management Structure Each of the Funds seeks to provide strategy diversification by investment in multiple Underlying Funds, which include funds offered directly as investment options under the SFDCP as well as other funds representing additional asset classes to provide diversification to improve each Fund s risk-adjusted return. Principal Risks of Investing in the SFDCP Target Date Funds An investment in a SFDCP Target Date Fund, like any investment, has risks. The value of each Fund fluctuates and an investor could lose money. There is no guarantee or warranty that the Funds will achieve their investment objectives, performance expectations, risk and/or return targets. Principal Risks Based on Characteristics of Target Date Funds Some risks are specific to the Funds as target date funds. No Guarantee of Investment Objective. There is no guarantee that the SFDCP Target Date Funds will meet their investment objectives. No Guarantee of Retirement Date or Retirement Income. The SFDCP Target Date Funds do not guarantee that you will be able to retire on or after the Fund s target retirement date or that you will have adequate income during retirement. Also, the Funds, including the SFDCP Retirement Fund, will maintain a significant allocation to underlying equity funds. Because equity securities have historically been more volatile than fixed income securities, there is a risk that there will be a significant loss of principal near, at or after the target retirement date. Asset Allocation. There can be no assurance that the asset allocation or glide path recommended by Russell for a Fund will either maximize returns or minimize risks. Nor can there be any assurance that an allocation or glide path will be the appropriate allocation or glide path in all circumstances for every participant with a particular time horizon or target retirement date or that the asset allocation or glide path will meet a participant s retirement savings goals. Glide path Not Managed to Respond to Market Conditions. Russell will rebalance the SFDCP Target Date Funds periodically to maintain their strategic asset allocation, but Russell will generally not change the glide path in response to one asset class outperforming another due to market conditions. No Endorsement by SFDCP or Retirement Board. Neither SFDCP nor the City and County of San Francisco Retirement Board are endorsing or recommending that you invest in an 6
7 SFDCP Target Date Fund. You must determine if a Fund is appropriate for your particular situation. Not a Complete Solution. The SFDCP Target Date Funds are not intended to be a complete solution to your retirement income needs. You must weigh many factors when considering whether to invest in a Fund, including how much income you will need, for how long you expect to need it and what other sources of income you will have. Contribution rates to the Target Date funds or other funds will also impact the level of assets at time of retirement. Stated Target Date Is Not the Only Factor to Consider. Just because a Fund has a stated target date that is the same as or close to your estimated retirement date does not mean that the Fund is necessarily appropriate for you. Other factors must be considered as well, including your other assets, your personal circumstances and your tolerance for investment risk. Principal Risks of Investing in the Underlying Funds The assets of the SFDCP Target Date Funds are invested in Shares/Units of Underlying Funds and the investment performance of the SFDCP Target Date Funds is directly related to the investment performance of the Underlying Funds in which it invests. The Funds are exposed to the same risks as the Underlying Funds in direct proportion to the allocation of each Fund s assets among the Underlying Funds, including the risk that the Underlying Fund will not achieve its investment objectives. The following are certain principal risks associated with investing in the Underlying Funds. Additional risk disclosures and other information about the Underlying Funds can be found in the prospectuses for the Underlying Funds, available at the SFDCP website ( No Guarantee of Investment Objective. There is no guarantee that the Underlying Funds will meet their investment objectives. Active Security Selection. The securities selected for the portfolio may decline in value. Additionally, securities selected may cause an Underlying Fund to underperform relative to other funds with similar investment objectives and strategies. Equity Securities. The value of equity securities will rise and fall in response to the activities of the company that issued them, general market conditions and/or economic conditions. Investments in small capitalization companies may involve greater risks because these companies generally have narrower markets, more limited managerial and financial resources and a less diversified product offering than larger, more established companies. Fixed Income Securities. Prices of fixed income securities generally rise and fall in response to, among other things, interest rate changes. If interest rates rise, the prices of fixed income securities may fall. Generally, the longer the maturity of a fixed income security, the greater its sensitivity to changes in interest rates. This is known as interest rate risk. The issuer of a fixed income security may default on its obligation to pay principal or interest, may have its credit rating downgraded by a rating organization or may be perceived by the 7
8 market to be less creditworthy. Lower-rated (non-investment grade) bonds are generally more likely to be subject to an issuer default than investment grade (higher-rated) bonds. This is known as credit risk. As a result of declining interest rates, the issuer of a security may exercise its right to prepay principal earlier than scheduled, forcing reinvestment in lower yielding securities. This is known as call or prepayment risk. Non-Investment Grade Fixed Income Securities (High Yield or Junk Bonds ). Non-investment grade fixed income securities generally involve higher volatility and higher risk of default than investment grade bonds. Government Issued or Guaranteed Securities, U.S. Government Securities. Bonds issued or guaranteed by a government are subject to inflation risk and price depreciation risk, with minimal credit risk. Mortgage-Backed Securities. Mortgage-backed securities may be affected by, among other things, changes or perceived changes in interest rates, factors concerning the interests in and structure of the issuer or the originator of the mortgage, or the quality and value of the assets that serve as collateral for these securities. The underlying assets may default or decline in quality or value. Asset-Backed Securities. Payment of principal and interest on asset-backed securities may be largely dependent upon the cash flows generated by the assets backing the securities and asset-backed securities may not have the benefit of any security interest in the related assets. 20Non-U.S. and Emerging Markets Securities. Non-U.S. securities have risks relating to political, economic and regulatory conditions in foreign countries. The risks associated with non-u.s. securities may be amplified for emerging markets securities. American Depositary Receipts (ADRs) or Global Depositary Receipts (GDRs). ADRs and GDRs generally have the same currency and economic risks as the underlying non-u.s. shares they represent. They are affected by the risks associated with non-u.s. securities, such as changes in political or economic conditions of other countries and changes in the exchange rates of foreign currencies Currency Risk. Non-U.S. securities that trade in, and receive revenues in, non-u.s. currencies are subject to the risk that those currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged. As a result, investments in non-u.s. dollar-denominated securities and currencies may reduce the returns of the Fund. Forward Currency Contracts. If forward prices increase, a loss will occur to the extent that the agreed upon purchase price of the currency exceeds the price of the currency that was agreed to be sold. Real Estate Securities. Just as real estate values go up and down, the value of the securities of companies involved in the commercial real estate industry also fluctuates. Real estate securities, including REITs, may be affected by changes in the value of the underlying properties owned by the companies and by the quality of tenants credit. 8
9 Derivatives. Derivatives are subject to a number of risks such as liquidity risk, market risk, credit risk, default risk, counterparty risk (the risk that the other party in an agreement will fail to perform its obligations) and management risk. They also involve the risk of mispricing or improper valuation and the risk that changes in the value of the derivative may not correlate exactly with the change in the value of the underlying asset, rate or index. Credit default swaps could result in losses if the creditworthiness of the company or companies on which the credit default swap is based is evaluated incorrectly. Commodity Risk. Exposure to the commodities markets may subject the Fund to greater volatility than investments in traditional securities, particularly if the investments involve leverage. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates or sectors affecting a particular industry or commodity and international economic, political and regulatory developments. The use of leveraged commodity-linked derivatives creates an opportunity for increased return, but also creates the possibility for a greater loss. Futures Risk. Futures markets are subject to liquidity risk as a result of daily limits on trading in futures contracts. Thus, it may not always be possible to liquidate unfavorable futures positions, potentially resulting in substantial losses. Listed Infrastructure Company Risk. Infrastructure companies are subject to the risk that: the potential for realized revenue volumes is significantly lower than projected and/ or cost overruns; the nature of the concession fundamentally changes during the life of the project (e.g., the state sponsor alters the terms); macroeconomic factors such as low GDP growth or high nominal interest rates raise the average cost of funding; government regulation may affect rates charged to customers; government budgetary constraints impact projects; special tariffs are imposed; and changes in tax laws, regulatory policies or accounting standards could be unfavorable. Other risks include environmental damage due to a company s operations or an accident, changes in market sentiment towards infrastructure and terrorist acts. Liquidity Risk. The market for certain investments may become illiquid under adverse or volatile market or economic conditions, making those investments difficult to sell. The market price of certain investments may fall dramatically if there is no liquid trading market. Market Volatility. Volatile financial markets can result in greater market and liquidity risk and potential difficulty in valuing portfolio instruments. Government Intervention in and Regulation of Financial Markets. Changes in government regulation may adversely affect the value of a security. Short Sales Risk. A short sale will result in a loss if the price of the security sold short increases between the date of the short sale and the date on which the borrowed security must be returned. Short sales may give rise to a form of leverage. Leverage tends to exaggerate the effect of any increase or decrease in the value of portfolio securities. 9
10 An investment in a SFDCP Target Date Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the SFDCP Target Date Funds. PERFORMANCE INFORMATION The SFDCP Target Date Funds are new investment options created specifically for the SFDCP. Because they are new, they do not have a historical performance track record. As they build a performance track record, it will be available on the Fund Fact Sheets, the investment performance document and investment overviews on [The performance track record and fee and expense information for the Underlying Funds can be found on An investment s past performance is not necessarily an indication of how the investment will perform in the future. Additional information about the SFDCP Target Date Funds can be found at SFDCP s website, INVESTMENT ADVISER Russell Investment Management Company is investment adviser for the SFDCP Target Date Funds. DEFAULT INVESTMENT OPTION The Retirement Board has designated the SFDCP Custom Target Date Funds as the qualified default investment alternative (QDIA) to receive contributions for participants where the participant or beneficiary has not indicated any investment preference or designation for the funds. All participants and beneficiaries have the right to make investment option changes. For information on how to direct or change your investments under SFDCP, please consult Additional Information Please remember that all investments carry some level of risk, including the potential loss of principal invested. They do not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could reduce returns. Diversification and strategic asset allocation do not assure profit or protect against loss in declining markets. Target date fund investing involves risk. Principal loss is possible. The principal value of the fund is not guaranteed at any time, including before, at or after the target date. The target date is the approximate date when a participant may expect to retire and stop making new investments in the Fund. Target date funds are not intended to be a complete solution to participants retirement income needs. Participants must weigh many factors when considering whether to invest in these funds, including how much income a participant will need, how long the participant will need it and what other sources of income the participant will have. First used: April 2012 (revised January 2016) USI
Investment Offerings
CHURCH OF THE BRETHREN PENSION PLAN Investment Offerings (Addendum to Participants Handbook) 1505 Dundee Ave. Elgin, IL 60120 800-746-1505 www.bbtpension.org 1 Dear Plan member, Brethren Pension Plan is
More informationADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015
ADVISORSHARES YIELDPRO ETF (NASDAQ Ticker: YPRO) SUMMARY PROSPECTUS November 1, 2015 Before you invest in the AdvisorShares Fund, you may want to review the Fund s prospectus and statement of additional
More informationFederated High Income Bond Fund II
Summary Prospectus April 30, 2016 Share Class Primary Federated High Income Bond Fund II A Portfolio of Federated Insurance Series Before you invest, you may want to review the Fund s Prospectus, which
More informationSeix Total Return Bond Fund
Summary Prospectus Seix Total Return Bond Fund AUGUST 1, 2015 (AS REVISED FEBRUARY 1, 2016) Class / Ticker Symbol A / CBPSX R / SCBLX I / SAMFX IS / SAMZX Before you invest, you may want to review the
More informationSUMMARY PROSPECTUS SIPT VP Conservative Strategy Fund (SVPTX) Class II
April 30, 2016 SUMMARY PROSPECTUS SIPT VP Conservative Strategy Fund (SVPTX) Class II Before you invest, you may want to review the Fund s Prospectus, which contains information about the Fund and its
More informationSUMMARY PROSPECTUS SDIT Short-Duration Government Fund (TCSGX) Class A
May 31, 2016 SUMMARY PROSPECTUS SDIT Short-Duration Government Fund (TCSGX) Class A Before you invest, you may want to review the Fund s Prospectus, which contains information about the Fund and its risks.
More informationExtended Strategy Descriptions for The Boeing Company Voluntary Investment Plan (VIP)
Extended Strategy Descriptions for The Boeing Company Voluntary Investment Plan (VIP) Strategy descriptions are effective December 12, 2014, unless otherwise noted. U.S. Large Companies Fund The fund invests
More informationALLOCATION STRATEGIES A, C, & I SHARES PROSPECTUS August 1, 2015
ALLOCATION STRATEGIES A, C, & I SHARES PROSPECTUS August 1, 2015 Investment Adviser: RidgeWorth Investments A Shares C Shares I Shares Aggressive Growth Allocation Strategy SLAAX CLVLX CVMGX Conservative
More informationWith interest rates at historically low levels, and the U.S. economy showing continued strength,
Managing Interest Rate Risk in Your Bond Holdings THE RIGHT STRATEGY MAY HELP FIXED INCOME PORTFOLIOS DURING PERIODS OF RISING INTEREST RATES. With interest rates at historically low levels, and the U.S.
More informationBond Fund of the TIAA-CREF Life Funds
Summary Prospectus MAY 1, 2015 Bond Fund of the TIAA-CREF Life Funds Ticker: TLBDX Before you invest, you may want to review the Fund s prospectus, which contains more information about the Fund and its
More informationVALlC Company II. Prospectus January 1, 2016 SAVING : INVESTING : PLANNING. Ticker Symbol:
VALlC Company II Prospectus January 1, 2016 SAVING : INVESTING : PLANNING VALIC Company II ( VC II ) is a mutual fund complex made up of 15 separate funds (collectively, the Funds and each a Fund ). Each
More informationInsurance Dedicated Funds: Variable Insurance Trusts
At a Glance September 2015 Insurance Dedicated Funds: Variable Insurance Trusts Our goal at GSAM is to meet the financial goals of investors worldwide, now and in the future, with innovative investment
More informationLifePath Index 2060 Fund Q
Release Date: 9-3-215 LifePath Index 26 Fund Q Standard & Poor's 5 Index LifePath Index 26 Custom Target Date 251+... Allocation of Stocks and Bonds 1 8 6 4 2 45 4 35 3 25 2 15 1 5 Years Until Retirement
More informationSUP-0115-0216 AB BOND FUNDS -AB
SUP-0115-0216 AB BOND FUNDS -AB Credit Long/Short Portfolio -AB High Yield Portfolio -AB Intermediate Bond Portfolio -AB Limited Duration High Income Portfolio -AB Tax-Aware Fixed Income Portfolio -AB
More informationPRINCIPAL TRUST TARGET DATE FUNDS SUMMARY
Date Collective Investment s PRINCIPAL TRUST TARGET DATE FUNDS SUMMARY The date of this summary is October 28, 2015 This summary includes key information about the Trust Date Collective Investment s (each
More informationDFA INVESTMENT DIMENSIONS GROUP INC.
PROSPECTUS February 28, 2015 Please carefully read the important information it contains before investing. DFA INVESTMENT DIMENSIONS GROUP INC. DFA ONE-YEAR FIXED INCOME PORTFOLIO Ticker: DFIHX DFA TWO-YEAR
More informationBrown Advisory Strategic Bond Fund Class/Ticker: Institutional Shares / (Not Available for Sale)
Summary Prospectus October 30, 2015 Brown Advisory Strategic Bond Fund Class/Ticker: Institutional Shares / (Not Available for Sale) Before you invest, you may want to review the Fund s Prospectus, which
More informationNew York's 529 Advisor-Guided College Savings Program
New York's 529 Advisor-Guided College Savings Program Data as of May 3, 204 month (as of 3/3/204) 0 yrs Expense ratio AGE-BASED PORTFOLIOS JPMorgan 529 Aggressive Age-Based Portfolio (Age 0-5) 2,3,4,5,6,7,8,9,37
More informationFederated Total Return Government Bond Fund
Summary Prospectus April 30, 2016 Share Class Institutional Service Ticker FTRGX FTGSX Federated Total Return Government Bond Fund Before you invest, you may want to review the Fund s Prospectus, which
More informationSPDR EURO STOXX 50 ETF
FEZ (NYSE Ticker) Summary Prospectus-January 31, 2016 Before you invest in the SPDR EURO STOXX 50 ETF (the Fund ), you may want to review the Fund's prospectus and statement of additional information,
More informationNuveen Intelligent Risk Conservative Allocation Fund will be liquidated after the close of business on June 24, 2016.
NUVEEN INTELLIGENT RISK CONSERVATIVE ALLOCATION FUND SUPPLEMENT DATED APRIL 18, 2016 TO THE SUMMARY PROSPECTUS DATED DECEMBER 31, 2015 Nuveen Intelligent Risk Conservative Allocation Fund will be liquidated
More information(expenses that you pay each year as a percentage of the value of your investment)
July 31, 2015 SUMMARY PROSPECTUS SAAT Core Market Strategy Allocation Fund (SKTAX) Class A Before you invest, you may want to review the Fund s prospectus, which contains information about the Fund and
More informationBalanced Fund RPBAX. T. Rowe Price SUMMARY PROSPECTUS
SUMMARY PROSPECTUS RPBAX May 1, 2016 T. Rowe Price Balanced Fund A fund seeking capital growth and current income through a portfolio of approximately 65% stocks and 35% fixed income securities. Before
More informationRedemption of Shares Class A Sales Charge Waivers beginning on page 37 of the Fund s Statement of Additional Information.
USA Mutuals Barrier Fund Trading Symbols: Institutional Class Shares VICVX Investor Class Shares VICEX Class A Shares VICAX Class C Shares VICCX Summary Prospectus July 29, 2015 Before you invest, you
More informationAmerican Funds Insurance Series. U.S. Government/ AAA-Rated Securities Fund. Summary prospectus Class 3 shares May 1, 2016
American Funds Insurance Series U.S. Government/ AAA-Rated Securities Fund Summary prospectus Class 3 shares May 1, 2016 Before you invest, you may want to review the fund s prospectus and statement of
More informationBOND FUNDS L SHARES. October 1, 2004
BOND FUNDS A SHARES L SHARES October 1, 2004 CLASSIC INSTITUTIONAL U.S. GOVERNMENT SECURITIES SUPER SHORT INCOME PLUS FUND FLORIDA TAX-EXEMPT BOND FUND GEORGIA TAX-EXEMPT BOND FUND HIGH INCOME FUND INVESTMENT
More informationPIMCO Foreign Bond Fund (U.S. Dollar- Hedged)
Your Global Investment Authority PIMCO Foreign Bond Fund (U.S. Dollar- Hedged) SUMMARY PROSPECTUS July 31, 2015 (as supplemented December 1, 2015) Share Class: Inst P Admin D A C R Ticker: PFORX PFBPX
More informationJohn Hancock Retirement Choices at 2045 Portfolio
CLICK HERE FOR PROSPECTUS CLICK HERE FOR THE STATEMENT OF ADDITIONAL INFORMATION John Hancock Retirement Choices at 2045 Portfolio (FORMERLY JOHN HANCOCK RETIREMENT 2045 PORTFOLIO) SUMMARY PROSPECTUS 12
More informationTRANSAMERICA SERIES TRUST Transamerica Vanguard ETF Portfolio Conservative VP. Supplement to the Currently Effective Prospectus and Summary Prospectus
TRANSAMERICA SERIES TRUST Transamerica Vanguard ETF Portfolio Conservative VP Supplement to the Currently Effective Prospectus and Summary Prospectus * * * The following replaces in their entirety the
More informationSUMMARY PROSPECTUS SUPPLEMENT
DIVERSIFIED ASSETS PORTFOLIO SUMMARY PROSPECTUS SUPPLEMENT NORTHERN INSTITUTIONAL FUNDS DIVERSIFIED ASSETS PORTFOLIO SHARES SUPPLEMENT DATED MAY 27, 2016 TO SUMMARY PROSPECTUS DATED APRIL 1, 2016 The Summary
More informationINVESTMENT OBJECTIVE The Fund s investment objective is to seek to maximize total returns from price appreciation and income.
SUMMARY PROSPECTUS January 31, 2013 AllianceBernstein High Income Fund Ticker: Class A AGDAX; Class B AGDBX; Class C AGDCX; Advisor Class AGDYX; Class R AGDRX; Class K AGDKX; Class I AGDIX Before you invest,
More information401(k) Savings Plan Investment Fund Profiles Detailed Information on the JPMorgan Chase 401(k) Savings Plan Investment Funds
401(k) Savings Plan Investment Fund Profiles Detailed Information on the JPMorgan Chase 401(k) Savings Plan Investment Funds Effective December 31, 2013 Please Note: Any significant subsequent updates
More informationADVISOR PROGRAM PORTFOLIO CONSTRUCTION
FUTURE SCHOLAR 529 COLLEGE SAVINGS PLAN ADVISOR PROGRAM PORTFOLIO CONSTRUCTION Age-based option Your financial advisor can help you select an age-based target allocation track, or Aggressive that fits
More informationINVESTMENT OBJECTIVE The Fund s investment objective is to generate current income consistent with preservation of capital.
SUMMARY PROSPECTUS January 31, 2013 AllianceBernstein Global Bond Fund Ticker: Class A ANAGX; Class B ANABX; Class C ANACX; Advisor Class ANAYX; Class R ANARX; Class K ANAKX; Class I ANAIX Before you invest,
More informationA guide to investing in unit investment trusts
A guide to investing in unit investment trusts What you should know before you buy Wells Fargo Advisors wants to ensure that you are investing in the products that best suit your financial situation, investment
More informationFREE MARKET U.S. EQUITY FUND FREE MARKET INTERNATIONAL EQUITY FUND FREE MARKET FIXED INCOME FUND of THE RBB FUND, INC. PROSPECTUS.
FREE MARKET U.S. EQUITY FUND FREE MARKET INTERNATIONAL EQUITY FUND FREE MARKET FIXED INCOME FUND of THE RBB FUND, INC. PROSPECTUS December 31, 2014 Investment Adviser: MATSON MONEY, INC. 5955 Deerfield
More informationFunds in Court Information Guide INVESTMENT RISKS
Funds in Court Information Guide INVESTMENT RISKS NOTE: The information in this document is for information purposes only. The information is not intended to be and does not constitute financial advice
More informationManaged Account Series BlackRock U.S. Mortgage Portfolio (the Fund )
Minimum Initial Investment Minimum Additional Investment Managed Account Series BlackRock U.S. Mortgage Portfolio (the Fund ) Supplement dated August 28, 2015 to the Summary Prospectus of the Fund This
More informationHow To Invest In American Funds Insurance Series Portfolio Series
American Funds Insurance Series Portfolio Series Prospectus May 1, 2015 Class 4 shares American Funds Global Growth Portfolio American Funds Growth and Income Portfolio Class P2 shares American Funds Managed
More informationFidelity Emerging Markets Fund 14 Fidelity Europe Fund 12 Fidelity Far East Fund 3,10 Fidelity Global Fund 1,14 Fidelity Global Disciplined
Simplified Prospectus dated October 29, 2015 Fidelity Funds Series A, Series B, Series F and Series O units (unless otherwise indicated) Equity Funds Canadian Equity Funds Fidelity Canadian Disciplined
More informationYOUR GUIDE TO GETTING STARTED
George Mason University Cash Match Plan (#72170) Invest in your retirement and yourself today, with help from The George Mason 401(a) Match Plan and Fidelity. YOUR GUIDE TO GETTING STARTED Invest some
More informationSpectrum of Investment Options
Kentucky Deferred Comp Spectrum of Investment Options Your guide to available investment options. Tier 1 Target Date Funds, Balanced Fund Target Date Funds Vanguard Target Retirement Funds (in five-year
More informationSpectrum Growth Fund Spectrum Income Fund Spectrum International Fund
PROSPECTUS PRSGX RPSIX PSILX T. Rowe Price Spectrum Growth Fund Spectrum Income Fund Spectrum International Fund May 1, 2016 Three broadly diversified growth, income, and international funds that invest
More informationLVIP Dimensional Non-U.S. Equity RPM Fund. Summary Prospectus April 30, 2013
LVIP Dimensional Non-U.S. Equity RPM Fund (formerly LVIP Dimensional Non-U.S. Equity Fund) (Standard and Service Class) Summary Prospectus April 30, 2013 Before you invest, you may want to review the Fund
More information2016 Summary Prospectus
March 1, 2016 Global X Permanent ETF NYSE Arca, Inc: PERM 2016 Summary Prospectus Before you invest, you may want to review the Fund's prospectus, which contains more information about the Fund and its
More informationPioneer Funds. Supplement to the Summary Prospectuses, as in effect and as may be amended from time to time, for: May 1, 2015
Pioneer Funds May 1, 2015 Supplement to the Summary Prospectuses, as in effect and as may be amended from time to time, for: Fund Pioneer Absolute Return Bond Fund Pioneer AMT-Free Municipal Fund Pioneer
More informationLord Abbett Short Duration High Yield Municipal Bond Fund
SUMMARY PROSPECTUS Lord Abbett Short Duration High Yield Municipal Bond Fund FEBRUARY 1, 2016 CLASS/TICKER CLASS A... SDHAX CLASS F... SDHFX CLASS C... SDHCX CLASS I... SDHIX Before you invest, you may
More informationADVISORSHARES GARTMAN GOLD/YEN ETF (NYSE Arca Ticker: GYEN) SUMMARY PROSPECTUS November 1, 2015
ADVISORSHARES GARTMAN GOLD/YEN ETF (NYSE Arca Ticker: GYEN) SUMMARY PROSPECTUS November 1, 2015 Before you invest in the AdvisorShares Fund, you may want to review the Fund s prospectus and statement of
More informationPNC Target Date Funds. Making Saving for Retirement Simpler for You
PNC Target Date Funds Making Saving for Retirement Simpler for You Walking With You on the Path to Retirement We understand that with the number and variety of retirement savings options available to you,
More informationTarget Retirement Funds
Prospectus March 1, 2015 Target Retirement Funds Institutional Class Administrative Class Investor Class Harbor Target Retirement Income Fund HARAX HARBX HARCX Harbor Target Retirement 2015 Fund HARGX
More informationSupplement to each Fund s Summary Prospectus, Prospectus and Statement of Additional Information dated September 30, 2015, as supplemented
June 8, 2016 DBX ETF TRUST Deutsche X-trackers Investment Grade Bond Interest Rate Hedged ETF Deutsche X-trackers Emerging Markets Bond Interest Rate Hedged ETF (the Funds ) Supplement to each Fund s Summary
More informationNuveen Tactical Market Opportunities Fund
Nuveen Tactical Market Opportunities Fund Summary Prospectus January 29, 2016 Ticker: Class A NTMAX, Class C NTMCX, Class I FGTYX This summary prospectus is designed to provide investors with key Fund
More informationCity National Rochdale High Yield Bond Fund a series of City National Rochdale Funds
City National Rochdale High Yield Bond Fund a series of City National Rochdale Funds SUMMARY PROSPECTUS DATED JANUARY 31, 2015, AS SUPPLEMENTED MAY 1, 2015 Class: Institutional Class Servicing Class Class
More informationPlease read this important information for Yale University Matching Retirement Plan participants
Please read this important information for Yale University Matching Retirement Plan participants This notice gives you important information about the default investment funds selected for the Matching
More informationI.A.M. National 401(k) Plan. Investment Options Summary
I.A.M. National 401(k) Plan Investment Options Summary The I.A.M. National 401(k) Plan offers a diverse investment lineup to meet the varied needs of our participants. The lineup includes 12 Retirement
More informationThe Bright Start College Savings Program Direct-Sold Plan. Supplement dated January 30, 2015 to Program Disclosure Statement dated November 12, 2012
The Bright Start College Savings Program Direct-Sold Plan Supplement dated January 30, 2015 to Program Disclosure Statement dated November 12, 2012 This supplement amends the Program Disclosure Statement
More informationHow to Invest in the US Federal Fund
PROSPECTUS June 1, 2015 COLUMBIA LIFEGOAL GROWTH PORTFOLIO CLASS Class A Shares Class B Shares Class C Shares Class K Shares Class R Shares Class R4 Shares Class R5 Shares Class Z Shares TICKER SYMBOL
More informationEmerging Markets Bond Fund Emerging Markets Corporate Bond Fund Emerging Markets Local Currency Bond Fund International Bond Fund
PROSPECTUS PREMX TRECX PRELX RPIBX T. Rowe Price Emerging Markets Bond Fund Emerging Markets Corporate Bond Fund Emerging Markets Local Currency Bond Fund International Bond Fund May 1, 2016 A choice of
More informationThe Bond Fund of America
The Bond Fund of America Summary prospectus March 1, 2015 Class A B C F-1 F-2 529-A 529-B 529-C 529-E ABNDX BFABX BFACX BFAFX ABNFX CFAAX CFABX CFACX CFAEX 529-F-1 R-1 R-2 R-2E R-3 R-4 R-5 R-6 CFAFX RBFAX
More informationLord Abbett High Yield Fund
SUMMARY PROSPECTUS Lord Abbett High Yield Fund APRIL 1, 2015 CLASS/TICKER CLASS A... LHYAX CLASS I... LAHYX CLASS R4... TBD CLASS B... LHYBX CLASS P... LHYPX CLASS R5... TBD CLASS C... LHYCX CLASS R2...
More informationSchwab Diversified Growth Allocation Trust Fund
Fund Facts Trustee Fund Type Charles Schwab Bank Collective Trust Fund Category Global Asset Allocation Benchmark Global Growth Custom Index 1 Unit Class Inception Date 3/7/2012 Fund Inception Date 3/7/2012
More informationMay 1, 2015 as amended June 1, 2015
INSTITUTIONAL INVESTOR May 1, 2015 as amended June 1, 2015 DATE TARGET FUNDS MyDestination 2005 Fund MyDestination 2015 Fund MyDestination 2025 Fund MyDestination 2035 Fund MyDestination 2045 Fund MyDestination
More informationGLOSSARY OF INVESTMENT-RELATED TERMS FOR NATIONAL ELECTRICAL ANNUITY PLAN PARTICIPANTS
GLOSSARY OF INVESTMENT-RELATED TERMS FOR NATIONAL ELECTRICAL ANNUITY PLAN PARTICIPANTS General Information This Glossary of Investment-Related Terms for National Electrical Annuity Plan Participants (the
More informationShort-Term Bond Fund
SUMMARY PROSPECTUS PRWBX October 1, 2015 T. Rowe Price Short-Term Bond Fund A bond fund seeking income with minimal fluctuations in principal value through investments in shorter-term investment-grade
More informationDeutsche Alternative Asset Allocation VIP
Alternative Deutsche Alternative Asset Allocation VIP All-in-one exposure to alternative asset classes : a key piece in asset allocation Building a portfolio of stocks, bonds and cash has long been recognized
More informationInstitutional Money Market Funds
Prospectus June 1, 2016 Institutional Money Market Funds Wells Fargo Fund Wells Fargo Cash Investment Money Market Fund Wells Fargo Heritage Money Market Fund Wells Fargo Municipal Cash Management Money
More informationJPMorgan Insurance Trust
Prospectus JPMorgan Insurance Trust Class 2 Shares May 1, 2015 JPMorgan Insurance Trust Core Bond Portfolio* JPMorgan Insurance Trust Global Allocation Portfolio* JPMorgan Insurance Trust Income Builder
More informationFederated U.S. Government Securities Fund: 1-3 Years
Prospectus April 30, 2016 Share Class Institutional Service Y Ticker FSGVX FSGIX FSGTX Federated U.S. Government Securities Fund: 1-3 Years The information contained herein relates to all classes of the
More informationThe Fund s investment objective is to seek to provide a level of current income consistent with limited price volatility.
SUMMARY PROSPECTUS June 30, 2016 DoubleLine Ultra Short Bond Fund DoubleLine F U N D S Share Class (Ticker): Class I (DBULX) Class N (DLUSX) Before you invest, you may wish to review the Fund s Prospectus,
More informationLVIP Dimensional U.S. Equity RPM Fund. Summary Prospectus April 30, 2013. (formerly LVIP Dimensional U.S. Equity Fund) (Standard and Service Class)
LVIP Dimensional U.S. Equity RPM Fund (formerly LVIP Dimensional U.S. Equity Fund) (Standard and Service Class) Summary Prospectus April 30, 2013 Before you invest, you may want to review the Fund s Prospectus,
More informationHarbor Fixed Income Funds
Harbor Fixed Income Funds Supplement to Prospectus dated March 1, 2016 Harbor Bond Fund Effective June 1, 2016, Harbor Bond Fund shall have additional flexibility to invest in securities rated below investment
More informationYour Guide to Getting Started
The Scripps Research Institute Faculty and Management Retirement Plan Invest in your retirement and yourself today, with help from TSRI Faculty and Management Retirement Plan and Fidelity. Your Guide to
More informationImportant Information about Real Estate Investment Trusts (REITs)
Robert W. Baird & Co. Incorporated Important Information about Real Estate Investment Trusts (REITs) Baird has prepared this document to help you understand the characteristics and risks associated with
More informationEATON VANCE HEXAVEST GLOBAL EQUITY FUND Supplement to Summary Prospectus dated December 1, 2015
EATON VANCE HEXAVEST GLOBAL EQUITY FUND Supplement to Summary Prospectus dated December 1, 2015 1. The following replaces Fees and Expenses of the Fund : Fees and Expenses of the Fund This table describes
More informationA: SGEAX C: SGECX I: SGEIX
A: SGEAX C: SGECX I: SGEIX NOT FDIC INSURED MAY LOSE VALUE NO BANK GUARANTEE Salient Global Equity Fund The investment objective of the Salient Global Equity Fund (the Fund ) is to seek long term capital
More informationSUMMARY PROSPECTUS. TCW High Yield Bond Fund FEBRUARY 29 I SHARE: TGHYX N SHARE: TGHNX
TCW High Yield Bond Fund I SHARE: TGHYX N SHARE: TGHNX 20 6 FEBRUARY 29 SUMMARY PROSPECTUS Before you invest, you may want to review the Fund s Prospectus which contain more information about the Fund
More informationJohn Hancock Funds II Supplement dated September 30, 2013 to the current Summary Prospectus
John Hancock Funds II Supplement dated September 30, 2013 to the current Summary Prospectus John Hancock Retirement Living 2010-2050 Portfolios John Hancock Retirement Choices 2010-2050 Portfolios John
More informationSun Life Global Investments (Canada) Inc. SIMPLIFIED PROSPECTUS
July 30, 2015 Sun Life Global Investments (Canada) Inc. SIMPLIFIED PROSPECTUS Offering Series A, Series AH, Series AT5, Series T5, Series AT8, Series T8, Series D, Series E, Series EF, Series F, Series
More informationMML SERIES INVESTMENT FUND
This Prospectus describes the following Funds. MML SERIES INVESTMENT FUND MML Money Market Fund seeks to maximize current income, preserve capital and maintain liquidity by investing in money market instruments.
More informationPROSPECTUS NOVEMBER 30, 2015
PROSPECTUS NOVEMBER 30, 2015 DOMINI SOCIAL EQUITY FUND INVESTOR SHARES (DSEFX), CLASS A SHARES (DSEPX), CLASS R SHARES (DSFRX) AND INSTITUTIONAL SHARES (DIEQX) DOMINI INTERNATIONAL SOCIAL EQUITY FUND SM
More informationANNUITIES VARIABLE. MetLife Retirement Perspectives. asset allocation questionnaire
LINE BAN ANNUITIES VARIABLE MetLife Retirement Perspectives asset allocation questionnaire Asset Allocation Questionnaire The following questions will enable you to determine your time horizon and risk
More informationINVESTMENT TERM GLOSSARY
A Accrued Interest - Interest that has been earned but not yet credited to a bond or other fixed-income investment, such as a certificate of deposit. Active Management The use of professional investment
More informationStructured Products. Designing a modern portfolio
ab Structured Products Designing a modern portfolio Achieving your personal goals is the driving motivation for how and why you invest. Whether your goal is to grow and preserve wealth, save for your children
More informationProspectus Socially Responsible Funds
Prospectus Socially Responsible Funds Calvert Social Investment Fund (CSIF) Balanced Portfolio Equity Portfolio Enhanced Equity Portfolio Bond Portfolio Money Market Portfolio Calvert Social Index Fund
More informationJPMorgan U.S. Equity Fund
Prospectus J.P. Morgan U.S. Equity Funds Institutional Class Shares November 1, 2009 JPMorgan Disciplined Equity Fund JPMorgan Diversified Fund JPMorgan Mid Cap Value Fund JPMorgan Small Cap Growth Fund
More informationA guide to investing in cash alternatives
A guide to investing in cash alternatives What you should know before you buy Wells Fargo Advisors wants to help you invest in cash alternative products that are suitable for you based on your investment
More informationNew York's 529 Advisor-Guided College Savings Program
New York's 529 Advisor-Guided College Savings Program yr AVERAGE TOTAL Expense ratio AGE-BASED PORTFOLIOS JPMorgan 529 Aggressive Age-Based Portfolio (Age 0-5) 2,3,4,5,6,7,8,9,37 Class A - 5/4/202, 5705,
More informationGeneral Money Market Funds
General Money Market Funds Prospectus April 1, 2014 Class A General Money Market Fund, Inc. (GMMXX) General Government Securities Money Market Fund (GGSXX) General Treasury Prime Money Market Fund (GTAXX)
More informationSPDR Wells Fargo Preferred Stock ETF
SPDR Wells Fargo Preferred Stock ETF Summary Prospectus-October 31, 2015 PSK (NYSE Ticker) Before you invest in the SPDR Wells Fargo Preferred Stock ETF (the Fund ), you may want to review the Fund's prospectus
More informationState Street Target Retirement Funds - Class K
The State Street Target Retirement Funds - Class K (the "Funds") represent units of ownership in the State Street Target Retirement Non-Lending Series Funds. The Funds seek to offer complete, low cost
More informationFederated Mid-Cap Index Fund
Summary Prospectus December 31, 2015 Share Class Institutional Service Ticker FMCRX FMDCX Federated Mid-Cap Index Fund A Portfolio of Federated Index Trust Before you invest, you may want to review the
More informationMarket Linked Certificates of Deposit
Market Linked Certificates of Deposit This material was prepared by Wells Fargo Securities, LLC, a registered brokerdealer and separate non-bank affiliate of Wells Fargo & Company. This material is not
More information34,000,000 Shares Puerto Rico Fixed Income Fund V, Inc. Common Stock
Prospectus Supplement to Prospectus dated May 29, 2007 34,000,000 Shares Puerto Rico Fixed Income Fund V, Inc. Common Stock This Prospectus Supplement relates to the issuance by Puerto Rico Fixed Income
More informationT. Rowe Price International Bond Fund T. Rowe Price International Bond Fund Advisor Class
T. Rowe Price International Bond Fund T. Rowe Price International Bond Fund Advisor Class Supplement to Prospectuses Dated May 1, 2015 In section 1, the portfolio manager table under Management with respect
More information9/30/81: 15.84% Real yield average: 2.46% Real 10-year Treasury yield 12/31/15: 0.25% -5% 58 63 68 73 78 83 88 93 98 03 08 13
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE INVESTMENT INSIGHTS Building better fixed income portfolios 1Q 2016 PLEASE VISIT jpmorganfunds.com for access to all of our Insights publications. Get
More informationHuman Energy. Yours. TM. New Investment Choices in Your ESIP. Your Wealth. New Investment Choices in Your ESIP 1
Human Energy. Yours. TM New Investment Choices in Your ESIP Your Wealth. New Investment Choices in Your ESIP 1 New Investment Choices in Your ESIP How you invest the money you save in the ESIP is one of
More informationWorkplace Education Series. Making the Most of Your New Workplace Savings Plan
Making the Most of Your New Workplace Savings Plan Making the Most of Your New Workplace Savings Plan Guiding you through exciting plan changes ahead Today s agenda: New plan features Steps to prioritizing
More informationFederated New York Municipal Income Fund
Summary Prospectus October 31, 2015 Share Class A B Ticker NYIFX NYIBX Federated New York Municipal Income Fund A Portfolio of Federated Municipal Securities Income Trust Before you invest, you may want
More informationDow Jones Target Date Funds
Wells Fargo Advantage Funds July 1, 2015 Dow Jones Target Date Funds Prospectus Classes A, B, C Target Today Fund Class A STWRX, Class B WFOKX, Class C WFODX Target 2010 Fund Class A STNRX, Class B SPTBX,
More information